Job description
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Insurance is about people, and the promises they make. At HSBC Life we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific Region.
Our Employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.
Together we pursue efficient ways of working. We harness the latest data and technology solutions to achieve meaningful outcomes for our clients. The protection we offer creates broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.
We are currently seeking a high calibre professional to join our team as a Senior Actuarial Analyst.
Principal Responsibilities
In this role you will:
Financial Reporting & Reserving
- Perform actuarial valuations and reserve calculations, ensuring accuracy and compliance with IFRS 17, and the Bermuda regulatory framework
- Assist in preparing financial reports, including quarterly and annual reserving reports, financial statement disclosures, and regulatory submissions
- Develop and maintain actuarial models to project liabilities, cash flows, and financial impacts under IFRS 17
- Collaborate with finance teams to align actuarial results with accounting and financial reporting requirements
Risk Management & Business Support
- Provide actuarial support for risk assessment, stress testing, and sensitivity analysis to aid decision-making
- Assist in experience analysis, assumption setting, and monitoring of key actuarial metrics
- Support reinsurance analysis and its impact on financial statements under IFRS 17
- Contribute to business planning, forecasting, and strategic decision-making by providing actuarial insights.
- Provide support to ongoing projects related to the risk and control framework
Requirements
To be successful you will:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field
- Progress toward actuarial qualification (e.g., FIA, FSA, FCAS, or equivalent) with significant exam progress
- Experience with actuarial modelling software (e.g., Prophet, Moses, RAFM, or similar)
- Proficiency in Excel, VBA, SQL, Python, or R for data analysis and automation
- Strong analytical, problem-solving, and communication skills
- Ability to work independently and collaboratively in a team environment
- Hands-on experience with IFRS 17 implementation in an insurance company or consultancy
- Knowledge of discounting techniques, risk adjustment calculations, and cash flow modelling under IFRS 17
- Familiarity with financial reporting tools and automation techniques
- Actuarial experience, preferably in financial reporting, IFRS 17, or insurance-related roles
- Strong understanding of IFRS 17, regulatory frameworks, and insurance financial reporting principles
Opening up a world of opportunity
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
Issued by The Hongkong and Shanghai Banking Corporation Limited.